Raymond James Financial Inc. Purchases New Stake in Western Asset High Income Fund II Inc. (NYSE:HIX)

Raymond James Financial Inc. acquired a new position in shares of Western Asset High Income Fund II Inc. (NYSE:HIX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 196,490 shares of the closed-end fund’s stock, valued at approximately $827,000.

Several other large investors also recently added to or reduced their stakes in the stock. Wedbush Securities Inc. purchased a new position in shares of Western Asset High Income Fund II during the 4th quarter worth $63,000. Apollon Wealth Management LLC acquired a new stake in Western Asset High Income Fund II during the fourth quarter worth about $66,000. Arete Wealth Advisors LLC raised its stake in Western Asset High Income Fund II by 8.1% during the fourth quarter. Arete Wealth Advisors LLC now owns 36,196 shares of the closed-end fund’s stock worth $152,000 after purchasing an additional 2,697 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in Western Asset High Income Fund II by 39.8% in the 4th quarter. Chicago Partners Investment Group LLC now owns 81,497 shares of the closed-end fund’s stock valued at $346,000 after purchasing an additional 23,206 shares during the last quarter. Finally, Calamos Advisors LLC grew its stake in shares of Western Asset High Income Fund II by 23.8% in the 4th quarter. Calamos Advisors LLC now owns 83,491 shares of the closed-end fund’s stock valued at $351,000 after buying an additional 16,055 shares during the period.

Western Asset High Income Fund II Stock Down 0.7 %

HIX stock opened at $4.07 on Wednesday. Western Asset High Income Fund II Inc. has a one year low of $3.65 and a one year high of $4.54. The firm’s 50 day moving average price is $4.13 and its 200-day moving average price is $4.28.

Western Asset High Income Fund II Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given a $0.049 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a yield of 13.8%.

Western Asset High Income Fund II Profile

Western Asset High Income Fund II Inc is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.